PSC — Interim / Quarterly Report 2023

Nov 9, 2023

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2023.11.09

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• This document may contain forward-looking statements, including but not limited to statements that address activities, events or developments that the Company expects or anticipates to occur in the future. All statements are made according to the projection of future operation and various political, economic and market factors beyond the Company’s control. Therefore, the actual results may differ materially from those contained in the forward-looking statements.

• The financial information provided in the document has not fully been reviewed by accountant.

• This document is not and cannot be construed as an offer to purchase or sell securities or other financial products or solicitation of an offer.

• All texts, images, illustrations and other material are subject to copyright held by President Securities Corp. Any reproduction, dissemination, transmission, and forwarding is strictly prohibited without the express written permission of President Securities Corp.

President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Global Economic Overview

. Global inflation remains stubbornly high, while economic recovery is faltering

• Based on the latest IMF forecast, global economic growth is expected to remain unchanged at 3.0% in 2023 and is projected to decline in 2024.

• The IMF has also predicted a possible decline in global inflation to 5.8% next year.

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• With gradual interest rate hikes and easing inflation, the U.S. economy and labor market have expanded in Q3.

• The U.S. Department of Labor announced an annual growth rate of 3.7% for the Consumer Price Index (CPI) in September.

• The U.S. Department of Labor reported an unemployment rate of 3.8% for the month of September.

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. China's real estate crisis has spread, hindering economic recovery

• China reported a Q3 GDP growth rate of 4.9% in mid-October.

• The real estate investment market is still in recession, which burdens the macroeconomy.

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. Taiwan's export performance showed positive signs in the third quarter

• shifting to a Yellow-blue light.

• The growth rate of export value was 3.4% in September, and the manufacturing PMI was 48.2 in the same period.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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Brief Introduction President Futures Co.,LTD
Uni-President Asset Management Corp.
President Capital Management Corp.
Number of Date of President Insurance Agency Co., Ltd.
employees Incorporation PSC Venture Capital Investment Co., Ltd.
1,685
Product and Services
1988.12.17
Number
Brokerage, Proprietary Trading,
of Branches
Underwriting, Fixed Income Dealing, Affiliated
31
Financial Products, Shareholder Services,
Companies
Wealth Management & Trust, Capital
Offshore Securities Units
NTD 145.58
Billion President Securities (Hong Kong) Limited
統一綜合證券 President Wealth Management (HK) Ltd.President Securities (Nominee) Limited
President Securities Corporation JinYuan President Securities Co.,Ltd.
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統一綜合證券股份有限公司｜服務專線：(02)8172-4668 地址：台北市松山區東興路8號｜ 110年金管證總字第0067號

ITEM 2023 Q3 % 2022 Q3 % Current Assets 118,697 92% 89,929 90% Non-Current Assets 9,741 8% 9,499 10% Total Assets 128,438 100% 99,428 100% Current Liabilities 96,635 75% 69,755 70% Non-Current Liabilities 94 0% 178 0% Total Liabilities 96,729 75% 69,933 70% Capital Common Stock 14,558 10% 14,558 15% Other Equity 17,151 13% 14,937 15% Total Equity 31,709 25% 29,495 30% Unit：Million NTD Consolidated Balance Sheets	ITEM 2023 Q3 % 2022 Q3 % Current Assets 118,697 92% 89,929 90% Non-Current Assets 9,741 8% 9,499 10% Total Assets 128,438 100% 99,428 100% Current Liabilities 96,635 75% 69,755 70% Non-Current Liabilities 94 0% 178 0% Total Liabilities 96,729 75% 69,933 70% Capital Common Stock 14,558 10% 14,558 15% Other Equity 17,151 13% 14,937 15% Total Equity 31,709 25% 29,495 30% Unit：Million NTD Consolidated Balance Sheets	ITEM 2023 Q3 % 2022 Q3 % Current Assets 118,697 92% 89,929 90% Non-Current Assets 9,741 8% 9,499 10% Total Assets 128,438 100% 99,428 100% Current Liabilities 96,635 75% 69,755 70% Non-Current Liabilities 94 0% 178 0% Total Liabilities 96,729 75% 69,933 70% Capital Common Stock 14,558 10% 14,558 15% Other Equity 17,151 13% 14,937 15% Total Equity 31,709 25% 29,495 30% Unit：Million NTD Consolidated Balance Sheets
	Current Assets Non-Current Assets	118,697 92% 89,929 90% 9,741 8% 9,499 10%
	Total Assets	128,438 100% 99,428 100% 96,635 75% 69,755 70% 94 0% 178 0%
	Current Liabilities Non-Current Liabilities
	Total Liabilities	96,729 75% 69,933 70% 14,558 10% 14,558 15% 17,151 13% 14,937 15%
	Capital Common Stock Other Equity
	Total Equity	31,709 25% 29,495 30% Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

ITEM 2023 Q3 % 2022 Q3 % Revenues 7,351 100% 4,594 100% Operating Expenses 5,332 72% 4,107 89% Operating Income 2,019 28% 487 11% Other Income and Costs 657 9% 237 5% Income Before Tax 2,676 37% 724 16% Income Tax Expense 217 3% 207 4% Net Income 2,459 34% 517 12% Other Comprehensive Income 17 0% -34 -1% Total Comprehensive Income 2,476 34% 483 11% EPS(NTD) 1.68 - 0.35 - Consolidated Income Statement	ITEM 2023 Q3 % 2022 Q3 % Revenues 7,351 100% 4,594 100% Operating Expenses 5,332 72% 4,107 89% Operating Income 2,019 28% 487 11% Other Income and Costs 657 9% 237 5% Income Before Tax 2,676 37% 724 16% Income Tax Expense 217 3% 207 4% Net Income 2,459 34% 517 12% Other Comprehensive Income 17 0% -34 -1% Total Comprehensive Income 2,476 34% 483 11% EPS(NTD) 1.68 - 0.35 - Consolidated Income Statement	ITEM 2023 Q3 % 2022 Q3 % Revenues 7,351 100% 4,594 100% Operating Expenses 5,332 72% 4,107 89% Operating Income 2,019 28% 487 11% Other Income and Costs 657 9% 237 5% Income Before Tax 2,676 37% 724 16% Income Tax Expense 217 3% 207 4% Net Income 2,459 34% 517 12% Other Comprehensive Income 17 0% -34 -1% Total Comprehensive Income 2,476 34% 483 11% EPS(NTD) 1.68 - 0.35 - Consolidated Income Statement
	Revenues	7,351 100% 4,594 100% 5,332 72% 4,107 89%
	Operating Expenses Operating Income Other Income and Costs Income Before Tax Income Tax Expense
		2,019 28% 487 11% 657 9% 237 5%
		2,676 37% 724 16% 217 3% 207 4%
	Net Income	2,459 34% 517 12% 17 0% -34 -1%
	Other Comprehensive Income Total Comprehensive Income
		2,476 34% 483 11%
	EPS(NTD)	1.68 - 0.35 -

Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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-
5 Years Operating Performances
營收Revenue
淨利Net Income
100 MIL
EPS
150
116.22
95.81
100
2.75
71.42 2.48 73.51
62.71
1.69 1.68
50 40.11
36.15
0.5
23.74 24.59
7.36
0
2019 2020 2021 2022 2023 Q3 2023 Q3 YEAR
SOURCE：MOPS
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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

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Brokerage Business

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Proprietary Trading

Market Position

Operating Status

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In both brokerage and financing balances, PSC has achieved a higher market share compared to the same period in 2022. Looking ahead, the department will persist in refining E-service capabilities and pursuing avenues for new business development.

The proprietary trading department experienced a pullback in its core holdings this quarter. However, through controlling positions, the accumulated profits for the first nine months are still significantly higher than the same period in 2022.

Vision

Marketing Strategy

Anticipating a likely upward trend in Q4, the department's operational strategy will lean towards long positions.

To align with our environmental policy, we have launched the "e-Billing" marketing campaign, encouraging investors to opt for electronic billing.

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Love the Earth: https://webportal.pscnet.com.tw/event_2021001/index.php

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Fixed Income Dealin g

Operating Strategy

As the rate hike cycle concludes, the department's operational strategy involves waiting for the peak of bond yields and increasing holdings at lower prices.

Business Development

The department will enhance collaboration with other departments to prioritize market demand and broaden the scope of service offerings.

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Underwriting Business

Underwriting Performance

The department has witnessed an increase in its market share compared to the first half of 2023, both in terms of market participation and underwriting amount.

Development Strategy

The department is actively involved in the market and is dedicated to increasing its market share in Initial Public Offerings (IPOs) and Secondary Public Offerings (SPOs).

Wealth Management

Investment Trust

The rate of Non-discretionary Money Trust has grown by 39% compared to one year ago. Foreign bonds and Offshore Structured Notes have shown exceptional performance this year.

Marketing Campaign

The department is launching a marketing plan for US stock term deposits, initiating a Dollar-Cost Averaging Award campaign for funds , and continuously optimizing services.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Quantitative Trading

Business Profile

The accumulated profits for the first three quarters are significantly higher than the same period in 2022. Additionally, the trading volumes for both proprietary business and market-making activities in futures and options have secured positions in the Top 4.

Operating Strategy

The department continues to expand its product diversification and revises its risk control methods to respond to new rules, upgrading the department's risk control capabilities.

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Financial Product Business

Market Share

The Equity Options Business maintains its position as the second-highest market share holder, while the volume of Structured Notes secures a market share ranking of third. Additionally, the issuance of call (put) warrants attains a market share ranking of sixth.

Marketing Campaign

The initial stage optimization of the warrant system has been completed, and the department is currently designing advanced functions for this quarter. We are striving to enhance the efficiency of the trading system further.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

AWARDS

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Stewardship
2023
Principles
Digital financial Award
for Institutional Investors
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The 9 [th]
Futures Diamond Award
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統一綜合證券股份有限公司｜服務專線：(02)8172-4668 地址：台北市松山區東興路8號｜ 110年金管證總字第0067號

AWARDS

Wealth Management Award

Best Wealth Management of Banks and Securities No.1 Best Customer Satisfaction No.3 Best Wealth Added

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統一綜合證券股份有限公司｜服務專線：(02)8172-4668 地址：台北市松山區東興路8號｜ 110年金管證總字第0067號

Q&A

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